Credit Cycle Shifts – The Reason for Failure Matters
- npatel81
- Jul 11, 2014
- 1 min read
Credit Cycle Shifts – The Reason for Failure Matters by David Merkel, CFA When I was a young actuary, say in the early 90s, my boss came to me, and gave me an unrequested lesson. He said something to the effect of: Most pricing actuaries make assumptions. Well, I test assumptions. That involves checking how…
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